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SP500: move down the low position

Fundamental analysis:

The S&P 500 index closed down 15.82 points, or 0.39%, at 4055.81 points on April 26 (Wednesday). Driven by the surge in commercial aircraft orders, US durable goods orders jumped 3.2% from the initial value in March, far exceeding expectations 0.7%. However, U.S. orders for non-defense capital durable goods excluding aircraft fell 0.4% from the initial value in March, the second consecutive month of decline and a larger-than-expected decline, suggesting that higher borrowing costs and an uncertain economic outlook are dampening capital investment.

S&P SP500 - 4-hour K-line chart shows:

Brief technical analysis:

Looking at the 4-hour chart: the short-term momentum has moved down at a low level, and the short-term decline may continue. The market as a whole is in a bearish sentiment trend, the MACD indicator is in the bearish zone and the RSI indicator is in the bearish zone.

Resistance: 4097 4105

Support levels: 4077 4069

Trading strategy: bearish below 4089, target 4077 4069
Alternative strategy: call above 4089, target 4097 4105

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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